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She set out as she had done every Sunday afternoon for years. She locked her door, turned to the weather, and held the hand rail as she stepped carefully down from the porch. Once on the ground she adjusted her hat on her gray head. As this was a winter day in the Christmas season, a cold day, she also adjusted her coat. Had it been raining, she would have pulled a large lawn and leaf bag, as if it were a poncho, over her head and upper body. Most times she shouldered her hand bag. This day she also shouldered a bulging plastic shopping bag. She walked along the dirt road that would lead her to the paved road that would lead her to the highway. Her only company was her shadow, small and indistinct at her feet. She walked without the deliberate care of someone unfamiliar with the terrain, but neither was her gait quick.
Latest News
RSO)(RCC) announced today that it will release its third fiscal quarter 2007 results on Thursday, November 8, 2007, after market hours, and invites investors and other interested parties to listen to the live webcast of its quarterly conference call on Friday, November 9, 2007, at 8:30 am Eastern Time. This call is being webcast live and can be accessed by investors and other interested parties from the home page of the Company's website at http://www.resourcecapitalcorp.com/index.html. For those unavailable to listen to the live broadcast, the replay of the webcast will be available following the live call on the Resource Capital website and telephonically beginning at 10:30 am ET on November 9, 2007 until midnight on December 10, 2007 by dialing 888-286-8010, passcode 57203799.
In the Yard Sale Economy, we will be emptying our closets and garages
Every cloud has a silver lining. This time around, we know who gets the cloud. It's anyone who has been making a living from building, selling or financing residential real estate. It's anyone who has depended on being able to use their house as an ATM with serial cash-out refinancing. And it's lots of people in the financial services industry, where jobs are disappearing. Some of that cloud will also cover the rest of us, because there is a growing probability that 2008 will be a recession year. If you listen to the Chicken Little crowd, it will be a monster recession. If you listen to the Happy Talk crowd, it will just be a growth slowdown. What's missing in most discussion is the fact that our financial markets are shadows on the wall, erratic representations of the day-to-day world that geeks call "meat space." The question is what all of us meat space residents are going to be doing to adapt and cope.
HS HOCKEY: Will East pulls away late for a 6-2 victory over Niagara ...
For the Flames, a six-goal outburst was a welcome change for coach Mike Torrillo."That's been our story the last five or six games, we've missed opportunities," he said. "We finally finished."Niagara Falls (3-14 overall, 3-8 Federation small schools) again cut the lead to one early in the third period, as Thomas Hanna banged home a loose puck in front, with assists going to Vinny Edwards and A.J. Catalano.As they did all afternoon, however, the Flames came back. Eric Bogart scored on a backhand from the left side at the 10:12 mark, opening the floodgates for Williamsville East (10-6-3, 6-3-2). Lucey then scored on a two-on-one off a nice pass from James Faran. Williamsville East finished the scoring with 1:29 left when Gary Styn beat Niagara Falls goalie Vincent Merante. The Flames finished with 27 shots, to 18 for Niagara Falls.
Editorial: Federal Reserve rate cut was the right move
It was the right move. Fed Chairman Ben Bernanke should follow it with another rate cut at the Fed's regularly scheduled meeting next week. That would help credit markets still reeling from the damaging ripples of the subprime mortgage crisis and the implosion of the housing market, which has spread to the broader economy.
But yesterday's monetary shock therapy did not have the full intended effect. Though shares rebounded in global markets, Wall Street struggled to regain stability. Dow Jones and S&P 500 indexes were still down at the close, but not as sharply as they had fallen at yesterday's opening.
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